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Cuebiq gathers $27M in latest funding round

Offline location intelligence provider Cuebiq Inc. raised $27 million in its latest funding round.

The financing round was co-led by Goldman Sachs Principal Strategic Investments, Nasdaq Ventures, DRW Venture Capital and Tribeca Venture Partners, as well as existing investors Tribeca Angels and TLcom Capital LLP.

The funds will be used for product development, expansion of operations and execution of advance data privacy initiatives.

In connection with the financing, Brian Hirsch, co-founder and managing partner at Tribeca Venture Partners, and Marco DeMeireles, head of private investments at Balyasny Asset Management LP, joined Cuebiq's board of directors.